Overview

• The Dow Jones Industrial Average rose 1.51% on Friday, marking its best daily gain of the year.
• All three major indexes, including the S&P 500 and Nasdaq, achieved their best May performances in years.
• Investors reacted positively to the latest inflation data, which showed a deceleration in core PCE inflation.
• Corporate highlights included Dell's stock plummeting due to AI server concerns and Gap's stock surging on strong earnings.
• Trump Media shares dropped following former President Donald Trump's conviction on falsifying business records.